3 Penny Stocks Priced Less Than Rs. 1 A Year Ago That Delivered Over 1500% Returns In A Year

Year 2021 has produced multibagger stocks across sectors and the same also came to be true for penny stocks that are precisely low priced stocks mainly priced in single digit. The heavy liquidity as well as keen investor interest chiefly from next-generation investors in the domestic equities spurred headline indices to new highs. So, here we discuss 3 such penny stocks that priced less than Rs. 1 a year ago gave stupendous returns.

Ushdev International:

 The company is into metal trading business and power generation. The company trades in ferrous and non-ferrous metal and its product line comprises raw materials such as metallurgical coal/coke, iron ore lumps, pig iron; flat products including annealed products, color coated sheets; and long products like angles, channels. The company is a global entity importing metals from as many as 30 nations and also exports various metal forms. The scrip of the company is listed on the BSE.
In the September ended fiscal the company reported PAT of Rs. 2.76 crore as against Rs. 9.74 crore loss in the previous June ended quarter. FII holding in the December quarter has come down to 4.2 from 4.56 in the September quarter. Likewise DII holding has also decreased by a tad during the period, while public holding in the said period has increased to 45.65 as against 45.28 in the previous quarter.

There are various limitations attached to the counter such as 0% ROE and ROCE over the last 3 years. Also, the company's contingent liabilities as of March 2021 are placed at Rs. 1269 crore.

The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) and as per the filing informed regarding hearing by the National Company Law Tribunal, Mumbai Bench.

Cressanda Solutions:

The software and services sector firm is into offering a gamut of IT and IT enabled services (ITES). The software development entity offers middleware products, systems integration services together with customised software solutions. Over the 1-year period, the stock has given stupendous returns. The company's prime strength is that it is virtually a debt free concern. In the September ended quarter of Fy22, the firm has turned into a loss making entity with net loss of Rs. 0.04 crore as against Rs. 0.05 crore loss in the previous quarter.
The other limitations at the firm are poor ROE with 3 years ROE at -0.24%. Also, the company has delivered poor income growth of 0 percent over the past 3 years.

Jainco Projects:

The company was initially set up under the name of Jainco Construction to carry out the business of housing, construction as well as deal in shares and securities. Later it diversified into finance, leasing and financial services and began operations as Jainco Projects in 1994.

The company's financials are not very encouraging with poor profit growth of -41.52% for the last 3 years. ROE has been maintained at a poor 0.01% for the last 2 years. ROCE has also been poor of 0.32% over the past 3 years.

Penny stock	Sector	Price as on January 15, 2021 (in Rs.)	Price as on January 14, 2022	Return % in 1-year
Ushdev International	Trading	0.3	5.69	1862
Cressanda Solutions	Software and services	0.38	6.38	1624
Jainco Projects	Construction and Contracting-housing	0.49	8.48	1630

Disclaimer:

The above listed stocks are just for information only and not a recommendation to buy in them. Further conservative investors should completely avoid penny stocks. Also, there are cases when these penny stocks are driven by market operators. 

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